People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Nebraska
GCT1503NE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.40
Year-over-Year Change
36.26%
Date Range
1/1/2006 - 1/1/2023
Summary
This economic trend measures the percentage of people aged 25 and older in Nebraska who have completed a graduate or professional degree. It provides valuable insights into the state's educational attainment and workforce quality.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Nebraska' data series tracks the share of the adult population in the state that has earned an advanced academic degree beyond a bachelor's. This metric is widely used by economists, policymakers, and businesses to assess the skills and talent available in the local labor market.
Methodology
The data is collected through the U.S. Census Bureau's American Community Survey.
Historical Context
This trend is relevant for understanding Nebraska's economic competitiveness and the quality of its human capital.
Key Facts
- Nebraska's graduate/professional degree attainment rate was 12.6% in 2021.
- This rate is lower than the national average of 13.9%.
- Degree attainment varies significantly by region within Nebraska.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 25 and older in Nebraska who have completed a graduate or professional degree, such as a master's, doctorate, or professional certification.
Q: Why is this trend relevant for users or analysts?
A: The graduate/professional degree attainment rate is an important indicator of a state's workforce quality and human capital, which are critical factors for economic competitiveness and growth.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's American Community Survey, which conducts ongoing surveys of households across the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the skills and talent available in Nebraska's labor market, inform workforce development initiatives, and attract businesses seeking highly educated workers.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be a 1-2 year lag between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, People 25 Years and Over Who Have Completed a Graduate or Professional Degree for Nebraska (GCT1503NE), retrieved from FRED.